An LLC is a type of business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. This structure allows owners, known as members, to have limited personal liability for the actions of the company and pass-through t...
A registered agent is an individual or business entity that accepts tax and legal documents on behalf of your business. Most states require you to have a registered agent when you form an LLC or corporation. The agent can be a professional service, yourself, or a colleague, given they meet...
An LLC is a hybrid legal entity with the characteristics of a corporation, partnership and sole proprietorship. “LLCs are just another entity type to protect the business owners,” said attorney Ryan Gordon. Typically, LLCs are highly advantageous for business owners. They provide the same liabi...
Both an LLP and an LLC need a registered agent. The agent is someone living in-state who can receive legal mailings for the company. You or one of your co-owners may be able to fulfill the role yourself. Protecting Your Assets With a sole proprietorship or a general partnership, creditor...
Most states also don't allow the use of words that suggest you're in banking or insurance, which are forbidden from operating as an LLC. 2. Decide who will be the registered agent If it's a single-person company, you might think it's a no-brainer that you'd choose yourself. ...
An LLC’s registered agent is an individual responsible for receiving official notices, including bills for annual fees, or lawsuits). Your registered agent can be one of the LLC’s members, or a third party. Your state should have a list of private registered agents, if you prefer to ...
Find out what a registered agent is for a corporation, their key responsibilities, and if you need one for your LLC. Essential for your business structure.
and the LLC suffers financial or otherwise because of that failing, the resident agent is responsible for any damages sustained by the LLC. In other words, if a judgment is entered against the LLC because it failed to timely respond to the lawsuit, the LLC can sue the resident agent for ...
An LLC is an excellent choice for business owners who want the liability protection of a corporation but without the double taxation. The LLC is a type of organization with all the advantages of a corporation, along with the ability to pass business prof
How to Form an LLC Below are several of the steps involved informing an LLC. However, please check with your state's Office of the Secretary of State since they may have additional forms and requirements: Choose a name Assign a registered agent ...